Treasuries Bulls Energized on Years of Easy Fed Policy
- Benchmark 10-year yields tumble to lowest levels in a week
- Yield curve steepens as debt from 5- to 10-years gains most
Jerome Powell
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Bond bulls were emboldened by the Federal Reserve’s signal that it would keep rates near zero for years to come and continue its bond buying at least at current levels.
The 10-year Treasury yield slid Thursday to the lowest in a week, at 0.71%. Just days ago, it was approaching 1% amid signs the labor market may be bottoming out as pandemic-triggered lockdowns ease.